Economy

Subaru Outback - sixth-gen unveiled at NYIAS

Subaru Outback - sixth-gen unveiled at NYIAS The new sixth-generation Outback - unveiled overnight at the NY motor show - is expected to arrive in Australia in late 2020 or early 2021, replacing the current model that has done duty since late 2014. The auto will debut the latest version of Subaru's driver assistance technology, including a driver distraction mitigation feature, advanced adaptive cruise control and lane centring. [Full Article...]

Annual Governor's Easter Egg Hunt

Annual Governor's Easter Egg Hunt Plus, bring your camera to take pictures with the Easter Bunny! The Avon Egg Hunt returns to Harry A. Nottingham Park on Saturday, April 20, at 10 a.m. Volunteer Fire Department; at the Tuppers Plains ball fields at noon (signups 10 a.m. -noon), sponsored by the Tuppers Plains Volunteer Fire Department; and at the Columbia Township Volunteer Fire Department at 1 p.m. [Full Article...]

Good Apple: Qualcomm's Market Value Rises by More Than $30 Billion

Good Apple: Qualcomm's Market Value Rises by More Than $30 Billion Several hours after the deal was announced , Intel said it was withdrawing from the 5G smartphone modem business, without indicating whether its decision was a cause or effect of the agreement its rival signed with Apple. Apple was the remaining holdout from a licensing practice that allows the San Diego-based chipmaker to charge patent royalties on technology that underpins all modern smartpho... [Full Article...]

Netflix shares fall despite bumper earnings

Netflix shares fall despite bumper earnings That was below the 5.48 million consensus of industry analysts surveyed by FactSet. Because of how different Apple TV + and Disney + will be in terms of content, Netflix isn't anxious that those competing services will impede it, saying that its streaming service only represents about 10% of total TV usage, so it still has a lot of room to grow. [Full Article...]

Jet Airways Asks For Rs 400 Crore, Fleet Down to 5 Aircraft

Jet Airways Asks For Rs 400 Crore, Fleet Down to 5 Aircraft Last month, Goyal and his wife Anita Goyal stepped down from the board of the airline, which has more than Rs 8,000 crore debt. Aviation regulator DGCA will continue to monitor airfare movements on a daily basis and also engage with airline for appropriate action, a senior official said on Tuesday amid concerns over rising ticket prices. [Full Article...]

Jet Airways temporarily shuts down operations

Jet Airways temporarily shuts down operations Jet Airways, which flew just five planes on Tuesday, has chose to suspend operations in the night after lenders decided not to extend emergency funds. "Today, senior management are being informed in person and tomorrow, a meeting of ground staff is called for briefing them in person", a person in direct knowledge of the matter said. [Full Article...]

Chevron to gain Anadarko’s offshore Guyana oil assets after takeover

Chevron to gain Anadarko’s offshore Guyana oil assets after takeover The deal comes as oil majors like Exxon Mobil look to carve out a dominant position in the Permian basin, the largest US shale field and the driver of a boom in American oil production. Anadarko shares jumped 32 percent, reflecting the offer's 39 percent premium over Thursday's close. Measured by cash flow, Chevron said in a statement it would have generated a combined US$36.5 billion with An... [Full Article...]

Tesla Is Increasing the Price of Full Self-Driving Feature

Tesla Is Increasing the Price of Full Self-Driving Feature Attorney John Hueston said the SEC's very first step after the tweet about production should have been to approach Tesla in good faith, and Nathan agreed. At Wednesday's close, Tesla stocks were down 12.3percent up to now this year. In August 2018, the US SEC filed a lawsuit against Mr Musk after he tweeted that he was considering taking the company private. [Full Article...]

Uber unveils IPO with warning it may never make a profit

Uber unveils IPO with warning it may never make a profit Here are five things we learned from it. That number stood at 91 million in the fourth quarter of 2018, up from 68 million in the same period of 2017 A roster of 29 banks in total signed on to underwrite Uber's IPO Uber is putting aside $300 million to make a one-time cash payout to 1.1 million qualifying drivers Uber Chief Executive Officer Dara Khosrowshahi's compensation will be in part tied ... [Full Article...]

Oil Retreats as Swelling U.S. Stockpiles Undermine OPEC's Cuts

Oil Retreats as Swelling U.S. Stockpiles Undermine OPEC's Cuts Venezuela's oil output sank to a new long-term low last month due to US sanctions and blackouts , with production plunging to 960,000 bpd in March, a drop of nearly 500,000 bpd from February. "Even though the crude oil inventory rise was almost equal in size, the focus of the complex, as we head into peak summer driving season, is gasoline", said John Kilduff, a partner at Again Capital LLC in N... [Full Article...]

China and Europe expansion causes big drop in Tesla deliveries

China and Europe expansion causes big drop in Tesla deliveries Given the recent miss, meeting Tesla's guidance will require more than 100,000 vehicles built per quarter in 2019, a higher level than Tesla has ever achieved. Deliveries of all models fell 31 percent from the fourth quarter to 63,000 vehicles, including 12,100 Model S sedans and Model X SUVs. The saga of Elon Musk versus the Securities and Exchange Commission has been going on for what seems... [Full Article...]

Trump To Recommend Pizza Magnate Herman Cain For Fed Post

Trump To Recommend Pizza Magnate Herman Cain For Fed Post The White House did not immediately respond to a request for comment on the reports. "A truly outstanding individual I think he would do very well there". Trump previous year called the Fed "crazy" and "out of control" for pursuing four interest rate hike as the economy sped up in the wake of recent tax cuts and fiscal stimulus. [Full Article...]

Third-party errors left over 540 million Facebook records exposed

Third-party errors left over 540 million Facebook records exposed The company's website says it creates content through data and technology and has more than 45 million followers on Facebook , Instagram, Twitter , YouTube and Pinterest. In addition, At the Pool's leaked database came with "fk_user_id, fb_user, fb_friends, fb_likes, fb_music, fb_movies, fb_books, fb_photos, fb_events, fb_groups, fb+checkins, fb_interests, and more" user data points. [Full Article...]

British PM asks for new Brexit delay to approve deal

British PM asks for new Brexit delay to approve deal Mrs May's gambit also seeks to put her back in charge of a process of parliamentary voting on Brexit options, which has twice failed to find a majority for any alternative plan. But pro-Remain MPs expressed optimism that they could secure backing for a second referendum to ratify or reject any deal. In Paris, French President Emmanuel Macron said that if almost three years after the referend... [Full Article...]

Trump To Pursue ‘Aggressive’ Executive Crackdown On Immigration

Trump To Pursue ‘Aggressive’ Executive Crackdown On Immigration It was a shift from Trump's threat late last week to seal the border, and quickly. Trump brought up the possibility of closing ports of entry along the southern border Friday and revisited it in tweets over the weekend because of a surge of Central Americans migrants who are seeking asylum. [Full Article...]

Burger King Unleashes ‘Impossible Whoppers’ on Unsuspecting Nation

Burger King Unleashes ‘Impossible Whoppers’ on Unsuspecting Nation Burger King's "whopper" of a contribution to the meatless fast food landscape is, at least for now, still theoretical. Burger King is the biggest fast-food company to launch a vegetarian-friendly burger option to date, but it's far from the first. [Full Article...]

Istanbul struggles with election controversy as results remain uncertain

Istanbul struggles with election controversy as results remain uncertain The city remained tense, with police and armoured vehicles stationed outside the Istanbul headquarters of the Supreme Election Board (YSK), which now has until 12 April to rule on the AKP's complaints. Imamoglu had 48.79 percent of the votes while Yildirim had 48.52 percent, Anadolu reported on Tuesday, citing preliminary results. "Today's elections are as historic as that of 1994", prominent ... [Full Article...]

Lyft off? Former investment banker warns investors to be cautious

Lyft off? Former investment banker warns investors to be cautious The stock debuted this morning on the Nasdaq Global Select Market under the ticker symbol "LYFT". Lyft's first day of trading went as high as $96.84 a share and as low as $75.49 a share before finally setting at $87.24 before the trading day ended at 10% increase. [Full Article...]

Lyft IPO Enthusiasm Drives Up Founder Stakes to $1.4 Billion

Lyft IPO Enthusiasm Drives Up Founder Stakes to $1.4 Billion It remains to be seen whether or not this strike (which is relatively small in scale) will finally lead to Lyft giving drivers those benefits, but so far, it doesn't seem to have had much of an impact. The IPO market had stalled at the beginning of the year due to the government shutdown, but momentum shifted around the beginning of March. "It will be years before they turn a profit". [Full Article...]

Airline collapses, stranding thousands of passengers worldwide

Airline collapses, stranding thousands of passengers worldwide Last week, Finance Minister Bjarni Benediktsson said the government is prepared to consider measures to bolster the industry. "I will never be able to forgive myself for not taking action sooner", he added. "All our travel plans are now canceled and we had to scramble to find a local photographer to do the job my husband was hired to do because there was no way for him to get there in time", Br... [Full Article...]


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